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You are here: Home / Archives for Acquisitions

Driven Brands Reports 2024 Revenue of $2.3 Billion

February 25, 2025 By CollisionWeek Editor

Announces CEO transition and car wash business sale. Driven Brands Holdings Inc. (NASDAQ: DRVN), the parent of CARSTAR and MAACO, announced its fourth quarter and full-year 2024 financial results on February 25, while also revealing plans for a CEO transition and the sale of its U.S. car wash business. For 2024, Driven Brands delivered revenue […]

Filed Under: News Tagged With: Acquisitions, Driven Brands, Earnings, People

B&R Auto Acquired Highway 64 Truck and Auto Salvage in New Mexico

February 25, 2025 By CollisionWeek Editor

Expands its network footprint across the Western U.S. B&R Auto, a portfolio company of Highview Capital, LLC, today announced the acquisition of Highway 64 Truck and Auto Salvage in Farmington, N.M. This acquisition further expands the B&R Western U.S. network into the state of New Mexico and across the entire Southwestern U.S., reaching into the […]

Filed Under: News Tagged With: Acquisitions, Auotmotive Recyclers, B&R Auto, New Mexico

BASF to Sell Brazilian Decorative Paints business to Sherwin-Williams for $1.15 Billion

February 24, 2025 By CollisionWeek Editor

Will explore strategic options for remaining coatings activities in second quarter including automotive OEM and refinish. BASF and Sherwin-Williams have signed an agreement on the sale of the Brazilian decorative paints business, which is part of BASF’s Coatings division. The purchase price on a cash and debt-free basis is $1.15 billion. The transaction is structured […]

Filed Under: News Tagged With: Acquisitions, BASF, Brazil, Refinish, Sherwin-Williams

Asbury Automotive Group Acquires Herb Chambers Companies

February 19, 2025 By CollisionWeek Editor

Sale of 14th largest private dealership group in the U.S. includes 33 dealerships, 52 franchises, and 3 collision repair centers in Massachusetts and Rhode Island. The Asbury Automotive Group, Inc. (NYSE: ABG) announced it signed an agreement to acquire automotive dealerships owned by The Herb Chambers Companies (HCC), the fourteenth largest by revenue privately-owned dealership […]

Filed Under: News Tagged With: Acquisitions, Asbury Automotive Group, Massachusetts, Rhode Island

Trive Capital Invests in Chilton Auto Body

February 18, 2025 By CollisionWeek Editor

Chilton has 20 collision repair centers in California. Trive Capital, a Dallas, Texas-based private equity firm, announced it invested in Chilton Auto Body. Headquartered in San Carlos, Calif, Chilton operates 20 collision shops across the Bay Area and Los Angeles and continues to grow throughout state. Founded in 1969, Chilton services all vehicle makes and […]

Filed Under: News Tagged With: Acquisitions, California, Chilton Auto Body, Trive Capital

Classic Collision Acquires Two Repair Facilities in North Carolina

February 18, 2025 By CollisionWeek Editor

Classic Collision, LLC announced the acquisition of Desired Image Collision and Customs Inc, in Troutman, N.C. and Cornelius Paint and Body Shop in Cornelius, N.C. Desired Image Collision and Customs Inc. was a full-service repair shop. Cornelius Paint and Body Shop, a family-owned and operated business, opened its doors in 1983 as the first collision […]

Filed Under: News Tagged With: Acquisitions, Classic Collision, North Carolina

Nissan and Honda Terminate MOU on Possible Merger

February 13, 2025 By CollisionWeek Editor

Nissan Motor Co., Ltd. and Honda Motor Co., Ltd. announced the termination of the memorandum of understanding (MOU) signed on December 23 last year for consideration of a business integration between the two companies. Since signing the MOU, the management teams of both companies, including the chief executive officers, have discussed and considered the surrounding […]

Filed Under: News Tagged With: Acquisitions, Honda, Nissan

Quality Collision Group Acquires First Repair Center in Virginia

February 12, 2025 By CollisionWeek Editor

Quality Collision Group (QCG) has expanded into Virginia with the acquisition of Dorn’s Body and Paint, a well-established collision repair facility in the Richmond area. This marks QCG’s first location in the state. Dorn’s Body and Paint, founded in 1965 by Raymond Dorn, has grown from a small body shop into a 35,000-square-foot facility on […]

Filed Under: News Tagged With: Acquisitions, Quality Collision Group, Virginia

Classic Collision Acquires Repair Center in Washington State

February 10, 2025 By CollisionWeek Editor

Classic Collision, LLC announced the acquisition of Elite Collision Center in Battle Ground, Wash. Elite Collision Center has been a family-owned and operated business for over two decades, proudly serving Clark County and the surrounding areas. “We take pride in supporting our community and being the preferred collision center in Battle Ground. From what we […]

Filed Under: News Tagged With: Acquisitions, Classic Collision, Washington State

The UK’s Vella Group Acquires 18th Collision Repair Center

February 7, 2025 By CollisionWeek Editor

The Vella Group in the United Kingdom announced the acquisition of First National Vehicles Ltd, which trades as Central Accident Repairs, in Wednesbury, West Midlands. This new location is The Vella Group’s 18th site and marks the company’s first acquisition of 2025, following a year of significant expansion in 2024.  Last year’s growth included the […]

Filed Under: News Tagged With: Acquisitions, United Kingdom, Vella Group

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